FSLR, the green energy company, reported earnings after the bell yesterday. We sold a Mar1 32/41 Strangle into the earnings event as explained here.
As we tweeted a few minutes ago, we have exited this earnings trade for a solid profit. We covered the Mar1 32 Puts @ 0.49 and intend to let the Mar1 42 Puts expire worthless this Friday.
We entered the trade @ 1.00 and covered the Puts @ 0.49, resulting in a profit of 0.51 or $51 per spread. Solid overnight earnings trade, the win streak continues!